(VIANEWS) – TELENOR (TEL.OL), GOLDEN OCEAN GROUP (GOGL.OL), SPBK1 HELGELAND (HELG.OL) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio at the moment. The payout ratio in itself isn’t a guarantee of a future good investment but it’s an indicator of whether dividends are being paid and how the company chooses to distribute them.
When investigating a potential investment, the dividend payout ratio is a good statistic to know so here is a list of some companies with an above 30% payout ratio.
1. TELENOR (TEL.OL)
320.69% Payout Ratio
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed services consist of telephony, Internet and TV, and leased lines, as well as data and managed services; and broadcasting and data communication services through satellite, terrestrial radio, and TV transmission. The company also provides machine-to-machine communication, as well as internet based services. Telenor ASA was founded in 1855 and is headquartered in Fornebu, Norway.
Earnings Per Share
As for profitability, TELENOR has a trailing twelve months EPS of kr2.91.
PE Ratio
TELENOR has a trailing twelve months price to earnings ratio of 38.25. Meaning, the purchaser of the share is investing kr38.25 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.3%.
More news about TELENOR.
2. GOLDEN OCEAN GROUP (GOGL.OL)
101.23% Payout Ratio
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. It operates dry bulk vessels comprising of Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company's vessels transport a range of bulk commodities, such as ores, coal, grains, and fertilizers. As of March 16, 2023, it owned a fleet of 74 dry bulk vessels. The company is based in Hamilton, Bermuda.
Earnings Per Share
As for profitability, GOLDEN OCEAN GROUP has a trailing twelve months EPS of kr17.56.
PE Ratio
GOLDEN OCEAN GROUP has a trailing twelve months price to earnings ratio of 4.72. Meaning, the purchaser of the share is investing kr4.72 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 17.52%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 25.8%, now sitting on 1.04B for the twelve trailing months.
More news about GOLDEN OCEAN GROUP.
3. SPBK1 HELGELAND (HELG.OL)
75.44% Payout Ratio
SpareBank 1 Helgeland provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway. The company operates in two segments, Retail Market and Corporate Market. It offers savings, investment, and insurance products, as well as leasing and mortgage services. The company is also involved in owning, managing, and letting commercial properties. It operates through branches located in Mosjøen, Brønnøysund, and Sandnessjøen. The company was founded in 1860 and is headquartered in Mo i Rana, Norway.
Earnings Per Share
As for profitability, SPBK1 HELGELAND has a trailing twelve months EPS of kr14.16.
PE Ratio
SPBK1 HELGELAND has a trailing twelve months price to earnings ratio of 8.69. Meaning, the purchaser of the share is investing kr8.69 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.14%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 16.5%, now sitting on 1B for the twelve trailing months.
Moving Average
SPBK1 HELGELAND’s worth is under its 50-day moving average of kr124.54 and higher than its 200-day moving average of kr119.93.
More news about SPBK1 HELGELAND.
4. NEXTENSA (NEXTA.BR)
34.84% Payout Ratio
Nextensa SA is a mixed real estate investor and developer. The company's investment portfolio is divided between the Grand Duchy of Luxembourg (41%), Belgium (44%) and Austria (15%); its total value as of 31/12/2022 was approximately € 1.28 billion. As a developer, Nextensa is primarily active in shaping large urban developments. At Tour & Taxis (development of over 350,000 sqm) in Brussels, Nextensa is building a mixed real estate portfolio consisting of a revaluation of iconic buildings and new constructions. In Luxembourg (Cloche d'Or), it is working in partnership on a major urban extension of more than 400,000 sqm consisting of offices, retail and residential buildings. The company is listed on Euronext Brussels and has a market capitalization of €519.1 million (value 31/12/2022).
Earnings Per Share
As for profitability, NEXTENSA has a trailing twelve months EPS of €7.09.
PE Ratio
NEXTENSA has a trailing twelve months price to earnings ratio of 6.47. Meaning, the purchaser of the share is investing €6.47 for every euro of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.68%.
Volume
Today’s last reported volume for NEXTENSA is 30 which is 99.62% below its average volume of 8094.
Revenue Growth
Year-on-year quarterly revenue growth grew by 58.2%, now sitting on 164.92M for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on May 18, 2023, the estimated forward annual dividend rate is 2.6 and the estimated forward annual dividend yield is 5.63%.
More news about NEXTENSA.
